The REF: an effective tool, or does it inhibit creativity?

Amanda Goodall, Senior Lecturer in Management at Cass, debates the merits or otherwise of the Research Excellence Framework (REF) with her husband Andrew Oswald, professor of economics at the University of Warwick.

Updated: 16/05/2013
Comments:
Views: 1,061

Knowledge acquisition in investment banking

Author(s):

Chris Rowley

 et al.

This paper examines knowledge management practices within the investment banking sector, using two international banking institutions as examples, focusing on the work of key professionals - securities analysts and equity traders.

It finds a knowledge gap which is partly historical, as the professional licencing requirements of securities analysts has not, to date, included specific skill development in the qualitative forms of data analysis required for systematic human capital analysis.

Updated: 06/02/2013
Comments:
Views: 3,335

Are democratic governments more efficient?

Author(s):

Manthos Delis

 et al.
Topic:
Finance
Industry:
Public Policy

This paper explores the relationship between public sector efficiency (PSE) and the level of democracy, both theoretically and empirically. Specifically, it is assumed that elected officials in democracies are 'more' accountable to voters than the respective ones in autocracies.

Do you agree that democratic governments may be seen as more economically efficient?

Updated: 06/02/2013
Comments:
Views: 3,806

Public sector efficiency: leveling the playing field between OECD countries

Author(s):

Manthos Delis

Topic:
Finance
Industry:
Public Policy

It has long been recognised that the efficient function of the public sector is a prerequisite for a country's competent economic performance.

This paper aims to identify a robust methodology for the measurement of the relative public sector efficiency (government efficiency) of 19 OECD countries over the period 1980-2000.

Updated: 06/02/2013
Comments:
Views: 3,903

An economic evaluation of empirical exchange rate models

Author(s):

Lucio Sarno

Topic:
Finance
Industry:
Public Policy

This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premia on monthly exchange rate returns in a framework that allows for volatility timing.

Updated: 27/10/2011
Comments:
Views: 4,022

Caution or activism? Monetary policy strategies in an open economy

Author(s):

Lucio Sarno

Topic:
Finance

We examine optimal policy in a two-country model with uncertainty and learning, where monetary policy actions affect the real economy through the real exchange rate channel.

Updated: 27/10/2011
Comments:
Views: 3,457

An economic evaluation of empirical exchange rate models

Author(s):

Lucio Sarno

Topic:
Finance

This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premiums on monthly exchange-rate returns in a framework that allows for volatility timing.

Updated: 27/10/2011
Comments:
Views: 3,194

Socio-economic development and international migration: a Turkish study

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Public Policy

This article investigates the relationship between economic development and migration by taking into consideration the question of what degrees of economic development form thresholds for migrations. The paper focuses on recent evidence on the development and emigration relationship in Turkey which reflects a dimension of the dynamics and mechanisms facilitating or restricting migratory flows from the country.

Updated: 22/09/2011
Comments:
Views: 3,881

Liquidity, bank credit and money

Author(s):

Alistair Milne

Topic:
Finance

One consequence of the current global financial crisis has been that central banks can no longer closely control market rates of intersts and have reverted to quantitative approaches to monetary policy. Macromonetary models lag well behind these developments and this paper provides a step towards filling this gap.

Updated: 22/09/2011
Comments:
Views: 3,599